Goldman Sachs is the Olympic champion in prediction game

Share

MOST of us spent the last two weeks being constantly surprised by the record-breaking performances of Team GB athletes at the Olympics. But The Capitalist would like to award its own gold medal to two men who fully expected this – Goldman Sachs analysts José Ursúa and Kamakshya Trivedi.

Last month the two men used econometric models to predict the results of every country in the games. Taking into account previous performances and economic factors, they stuck their necks on the line and predicted Team GB athletes would win 65 medals, including 30 golds.

At the time this seemed wildly optimistic. But when the games came to an end on Sunday the Team GB haul was...65 medals, including 29 golds.

The bank would not comment directly on its success. But if you’re after sporting tips, we recommend keeping an eye on Goldman Sachs.